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U.K. life insurance companies, including Prudential and AXA Investment Managers, are looking to sell naked credit-default swaps.

Equity derivatives players are looking to trade options on single-stock variance, in a step forward from options on index variance that were first traded last year (DW, 10/1).

Citigroup faced one of the gravest crises in its Euromarkets career this week, after a leaked memo appeared to reveal that its massive European government bond trade last August had been a deliberate ploy to change the currents of liquidity in the market and ?kill off some of the smaller dealers.?

Credit quality continues to improve, according to new research by S&P

An Article by Rodrigo de Rato, Managing Director of the International Monetary Fund, published in Global Agenda January 2005

Statement by new president, Haruhiko Kuroda

Merrill Lynch is reorganizing its equity derivatives trading business, following the departure of Steven Phan, one of the group's London-based managing directors who had responsibilities for fund-lined structures, correlation and global sectors trading (DW, 1/24).

A good option would be to create an Emerging Asian Monetary system that would tie Emerging Asian currencies together in a regional block, argues JP Morgan

Statement by undersecretary for international affairs, US Treasury

MTB Investment Advisors will put new cash to work in longer-dated Treasuries and agencies because it thinks the yield curve will continue to flatten, said Wilmer Stith, v.p. and portfolio manager at the Baltimore fund.

AIM Investments may buy up to $92 million in Treasuries and sell an equal amount in mortgages should 10-year Treasury yields reach 5% by the middle of the year.

Bulge-bracket dealers are increasing their dealings with middle-market investors in agency debentures due to a new function on an electronic trading platform.